⚠️⚠️Breaking News: Binance is preparing to delist these 4 Altcoins
🤔 Cryptocurrency exchange Binance has announced the delisting of $XEM (#XEM),#OMGNetwork ($OMG ), Waves ($WAVES ), and Wrapped NXM (WNXM). These pairs will not be available for either spot or margin trading.
The exchange will remove a total of six trading pairs: WNXM/USDT, XEM/USDT, OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, and WAVES/USDT.
The three aforementioned cryptocurrencies recorded double-digit price increases following the announcement.
According to data provided by CoinMarketCap, XEM is down 12.88%. Meanwhile, OMG and WAVES are down 14.51% and 18.17%, respectively, in the last 24 hours.
Binance will abandon these three cryptocurrencies on June 17, according to its announcement on Monday. Users of the exchange will not be able to deposit the tokens starting June 18. After September 18, it will also not be possible to withdraw these three tokens. It is worth noting that the exchange may convert these tokens into stablecoins, but there is no guarantee that this conversion will take place.
The cryptocurrency giant says it periodically reviews cryptocurrencies listed on its platform to ensure they meet industry requirements.
Binance delisting decisions depend on a number of factors such as the current state of development activity, the commitment of the team behind a given cryptocurrency, the level of liquidity, regulatory requirements, network stability, etc
👀 Source: Binance Anunció Oficial
